6% Growth for ACH Volumes in the Third Quarter

According to Digital Transactions, ACH transaction volume grew roughly 6% during the third quarter, which was also the beginning of same-day ACH. $11 trillion in payments were processed with WEB credits leading the pack in terms of growth for specific transaction categories. P2P payments, online/mobile transactions, international ACH and bill payments were all categories that saw growth in this quarter.

ACH processing continues to be a valuable option for many businesses instead of or in addition to card processing. Generally more cost-effective than card processing, many companies use ACH/eChecks to accept more payments and gain more business. You can learn more about Forte’s ACH offering to see if it’s the right fit for you.

 

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